Canada Pension Plan Investment Board increased its stake in shares of Monsanto Company (NYSE:MON) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,303,175 shares of the basic materials company’s stock after buying an additional 85,000 shares during the period. Canada Pension Plan Investment Board owned about 0.30% of Monsanto worth $154,244,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Puplava Financial Services Inc. increased its stake in shares of Monsanto by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after buying an additional 9 shares during the last quarter. Delta Asset Management LLC TN increased its stake in shares of Monsanto by 0.5% in the first quarter. Delta Asset Management LLC TN now owns 1,950 shares of the basic materials company’s stock valued at $221,000 after buying an additional 10 shares during the last quarter. Savant Capital LLC increased its stake in shares of Monsanto by 0.4% in the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock valued at $349,000 after buying an additional 11 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Monsanto by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after buying an additional 11 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its stake in shares of Monsanto by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 2,565 shares of the basic materials company’s stock valued at $290,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of Monsanto Company (NYSE:MON) opened at 116.85 on Friday. The stock has a market capitalization of $51.33 billion, a PE ratio of 25.24 and a beta of 1.07. The company has a 50-day moving average price of $117.23 and a 200 day moving average price of $115.65. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $118.97.

Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $2.17 earnings per share. Monsanto’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Monsanto Company will post $4.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is presently 46.75%.

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Several analysts have weighed in on the company. UBS AG downgraded Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. BidaskClub downgraded Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Piper Jaffray Companies set a $128.00 target price on Monsanto and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $123.43.

In other Monsanto news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the sale, the executive vice president now directly owns 55,011 shares in the company, valued at $6,522,654.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Janet M. Holloway sold 7,423 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total value of $875,914.00. Following the completion of the sale, the senior vice president now owns 33,645 shares in the company, valued at $3,970,110. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,470 shares of company stock worth $8,791,281. 0.79% of the stock is owned by insiders.

About Monsanto

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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